What does the cryptic crossword clue "Formal notifications of commercial failings (7)" mean?

The definition is "Formal notifications". The wordplay uses a charade (building blocks). AD (synonym="‘commercial’") + VICES (synonym="‘failings’") = ADVICES; definition: "Formal notifications" The answer is ADVICES.

Formal notifications of commercial failings (7)

Guardian Cryptic #29341 | 17 Across | 2024-03-27 flower

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